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SQLTvsSMMDETF Comparison

ETF 1

SQLT

iShares MSCI USA Small-Cap Quality Factor ETF

This fund is part of

US Multi-Factor

+0.56%

Full SQLT fund page

VS

ETF 2

SMMD

iShares Russell 2500 ETF

This fund is part of

US Multi-Factor

+0.56%

Full SMMD fund page

iShares MSCI USA Small-Cap Quality Factor ETF (SQLT) and iShares Russell 2500 ETF (SMMD) belong to the same industry segment: US Multi-Factor. SQLT's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, SMMD's top sector exposures are Finance, Healthcare and Industrials. SQLT is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.23% for SMMD. Run a side-by-side ETF comparison of SQLT and SMMD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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SQLT vs SMMD performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/26/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SQLT SMMD	+1.59%-0.08%	-0.80%-3.90%	n/a+15.57%	n/a+15.05%	n/a+75.16%	n/a+37.38%
Flows	SQLT SMMD	-+$55M	-+$716M	-+$1.59B	-+$1.94B	-+$2.67B	-+$3.13B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SQLT SMMD	+10.85%+12.97%	n/a+17.03%	n/a+19.19%	n/a+20.92%
Max drawdown	SQLT SMMD	-6.94%-9.29%	n/a-9.48%	n/a-25.55%	n/a-28.20%
Max drawdown duration	SQLT SMMD	71d71d	n/a43d	n/a283d	n/a980d

Trading data

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	SQLT	SMMD
Last sale 10/27/2026 at 1:30 PM	$28.23	$86.50
Previous close 10/26/2026	$28.18	$85.96
Consolidated volume 10/26/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	SQLT	SMMD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/27/2026 at 1:30 PM

Live

Closed

	SQLT	SMMD
Last price	$28.23	$86.50
1D performance	+0.18%	+0.63%
AuM	$6.77 M	$4.13 B
E/R	0.2%	0.23%

Characteristics

	SQLT	SMMD
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI USA Small Cap Sector Neutral Quality Index	Russell 2500 Index
N° of holdings	487	504
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	March 31, 2026	July 6, 2017
ESG	No	No

More SQLT data on Trackinsight

More SMMD data on Trackinsight

Exposure

Countries

SQLT

USA

97.96%

Other

2.04%

SMMD

USA

95.07%

Other

4.93%

Sectors

SQLT

Finance

22.17%

Technology

18.59%

Healthcare

14.67%

Industrials

13.94%

Non-Energy Materi.

8.98%

Other

21.65%

SMMD

Finance

24.58%

Healthcare

15.12%

Industrials

13.67%

Technology

13.37%

Non-Energy Materi.

8.27%

Other

25%

Diversification

SQLT

Total weight of top 15 holdings out of 15

11.88%

SMMD

Total weight of top 15 holdings out of 15

45.19%

Top 15 holdings

Data as of August 31, 2026

SQLT

National Fuel Gas Co.

1.19%

Manhattan Associates, Inc.

0.96%

Royal Gold, Inc.

0.94%

TD SYNNEX Corp.

0.87%

East West Bancorp, Inc.

0.79%

Zebra Technologies Corp.

0.78%

Medpace Holdings, Inc.

0.77%

Woodward, Inc.

0.77%

Tenet Healthcare Corp.

0.75%

The New York Times Co.

0.70%

Exelixis, Inc.

0.68%

Onto Innovation, Inc.

0.67%

Jack Henry & Associates, Inc.

0.67%

BlackRock Cash Funds - Treasury

0.67%

Dynatrace, Inc.

0.67%

SMMD

US4642876555

40.96%

ATI, Inc.

0.37%

nVent Electric Plc

0.33%

F5, Inc.

0.31%

US Foods Holding Corp.

0.31%

Carpenter Technology Corp.

0.31%

Tenet Healthcare Corp.

0.31%

SoFi Technologies, Inc.

0.31%

Royal Gold, Inc.

0.30%

Coeur Mining, Inc.

0.29%

Affirm Holdings, Inc.

0.28%

Roku, Inc.

0.28%

Packaging Corporation of America

0.28%

Guardant Health, Inc.

0.28%

Woodward, Inc.

0.27%

Frequently asked questions about SQLT and SMMD

Which ETF is bigger: SQLT or SMMD?

As of October 26, 2026, SQLT holds $6.77 M in assets under management (AUM), while SMMD manages $4.13 B.

What sectors do the SQLT and SMMD ETFs invest in?

SQLT leans toward sectors like Finance, Technology and Healthcare. Meanwhile, SMMD focuses on Finance, Healthcare and Industrials.

What are the top holdings of the SQLT ETF and SMMD ETF?

SQLT top holdings include National Fuel Gas Co., Manhattan Associates, Inc. and Royal Gold, Inc.. SMMD holds in its top three: US4642876555, ATI, Inc. and nVent Electric Plc.

SQLTvsSMMDETF Comparison

iShares MSCI USA Small-Cap Quality Factor ETF

iShares Russell 2500 ETF

SQLT vs SMMD performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

Which ETF is bigger: SQLT or SMMD?

As of October 26, 2026, SQLT holds $6.77 M in assets under management (AUM), while SMMD manages $4.13 B.

What sectors do the SQLT and SMMD ETFs invest in?

SQLT leans toward sectors like Finance, Technology and Healthcare. Meanwhile, SMMD focuses on Finance, Healthcare and Industrials.

What are the top holdings of the SQLT ETF and SMMD ETF?

SQLT top holdings include National Fuel Gas Co., Manhattan Associates, Inc. and Royal Gold, Inc.. SMMD holds in its top three: US4642876555, ATI, Inc. and nVent Electric Plc.

Which ETF is more diversified: SQLT or SMMD?

SQLT holds 490 securities with 11.88% of its assets in the top 15. SMMD has 2460 securities and a top 15 weight of 45.19%.

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